Electronic Arts (NASDAQ:EA) CEO Andrew Wilson Sells 2,240 Shares

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,240 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $201.11, for a total transaction of $450,486.40. Following the transaction, the chief executive officer directly owned 39,951 shares in the company, valued at approximately $8,034,545.61. The trade was a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Andrew Wilson also recently made the following trade(s):

• On Friday, May 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $200.54, for a total transaction of $1,002,700.00.
• On Wednesday, April 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $203.21, for a total transaction of $1,016,050.00.
• On Monday, March 16th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $199.95, for a total transaction of $999,750.00.

Electronic Arts Stock Performance

NASDAQ:EA opened at $201.59 on Thursday. The company’s 50-day moving average price is $201.89 and its 200-day moving average price is $202.23. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company has a market cap of $50.55 billion, a P/E ratio of 57.76, a P/E/G ratio of 2.22 and a beta of 0.66. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month high of $204.88.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors have recently bought and sold shares of EA. Vanguard Group Inc. increased its position in shares of Electronic Arts by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock valued at $5,879,205,000 after acquiring an additional 485,030 shares during the last quarter. Pentwater Capital Management LP increased its position in shares of Electronic Arts by 128.1% during the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after acquiring an additional 6,150,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Electronic Arts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock valued at $1,382,030,000 after acquiring an additional 143,195 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Electronic Arts by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock valued at $926,194,000 after acquiring an additional 374,840 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Electronic Arts by 4.9% during the third quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock valued at $870,328,000 after acquiring an additional 202,657 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EA has been the topic of several research reports. Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $196.64.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.